The major indices of the New York Stock Exchange rose at the start of trading after U.S. President Donald Trump announced he would postpone the imposition of a 50% high tariff on the European Union (EU) until July.
As of 10:15 a.m. on the 27th (Eastern Time), the Dow Jones Industrial Average rose 405.34 points (0.97%) to 40,008.41, the S&P 500 index gained 83.84 points (1.44%) to 5,886.66, and the Nasdaq index increased by 348.63 points (1.86%) to 19,085.84 at the New York Stock Exchange (NYSE).
President Trump noted in a statement over the weekend that he would delay the imposition of a 50% tariff on EU imports, originally scheduled for June 1, to July 9, at the request of Ursula von der Leyen, the Chairperson of the European Commission.
Kevin Hassett, Chairperson of the White House Council of Economic Advisers (CEA), said, “An additional agreement could emerge within this week.”
Meanwhile, this week, significant corporations such as NVIDIA, Macy's, and Costco are set to report their earnings, drawing investors' attention. All sectors are showing an upward trend today, with consumer discretionary and technology rising by 1.3%, and telecommunications services increasing by 0.9%.